Clarivate (NYSE:CLVT) Posts Earnings Results, Misses Estimates By $0.01 EPS

Clarivate (NYSE:CLVT) posted its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01), Zacks reports. Clarivate had a positive return on equity of 9.69% and a negative net margin of 50.00%. Clarivate updated its FY 2025 guidance to 0.600-0.700 EPS.

Clarivate Stock Performance

Shares of CLVT stock opened at $4.61 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.84. Clarivate has a 52 week low of $4.25 and a 52 week high of $9.07. The stock has a market capitalization of $3.27 billion, a PE ratio of -2.30 and a beta of 1.17. The firm has a 50 day moving average of $5.15 and a two-hundred day moving average of $5.82.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CLVT shares. Barclays lowered their price objective on shares of Clarivate from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. William Blair cut shares of Clarivate from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price target on shares of Clarivate from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.10.

Clarivate declared that its Board of Directors has approved a stock buyback plan on Monday, December 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 12.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Clarivate

In other news, Director Michael J. Angelakis acquired 765,000 shares of Clarivate stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $5.19 per share, for a total transaction of $3,970,350.00. Following the acquisition, the director now owns 3,465,000 shares of the company’s stock, valued at $17,983,350. This trade represents a 28.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.14% of the stock is currently owned by corporate insiders.

Clarivate Company Profile

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.